PBOC Injects Net CNY30 Billion In OMOs Thursday

Date 1/11/2018 4:58:09 PM

     BEIJING (MNI) - The People's Bank of China injected CNY30 billion inseven-day reverse repos and CNY30 billion in 14-day reverse repos viaopen-market operations Thursday, according to Wind Information, a Shanghai-basedfinancial data provider.

     This resulted in a net injection of CNY30 billion, given that CNY30 billionin reverse repos mature on Thursday.

     The CFETS-ICAP money-market sentiment index ended at 47 on Wednesday, upfrom 41 on Tuesday. The lower the reading the better the liquidity conditions inthe interbank market.

     PBOC is expected to make an official announcement on its official websiteabout this morning's OMO around 9:45a.m., Beijing time.

     The benchmark seven-day repo average was last at 2.6500%, compared with2.8352% on Wednesday.

Edited by SHMET